At a glance
- One writes calls on the Nasdaq-100, the other on the S&P 500.
- Advisors comparing income holdings face an explicit choice: Goldman's 29 basis points buys call-writing on a large-cap index with capped upside, while Guggenheim's GCSH reported a 4.49% 30-day SEC yield.
- Guggenheim's GCSH took $147 million in seven weeks to reach about $290 million, according to ETF Trends.
Goldman Sachs' two call-writing ETFs added $600 million and $500 million over the past month, leaving each at about $6.3 billion and charging 29 basis points.
Together the two funds hold about $12.6 billion, so the month's combined $1.1 billion works out to roughly 9% growth in 30 days. One writes calls on the Nasdaq-100, the other on the S&P 500. At 29 basis points on $6.3 billion apiece, each collects roughly $18 million a year in fees, or about $36 million across the pair.
Advisors comparing income holdings face an explicit choice: Goldman's 29 basis points buys call-writing on a large-cap index with capped upside, while Guggenheim's GCSH reported a 4.49% 30-day SEC yield. Fee alone does not separate the two; duration and the upside handed away do.
Guggenheim's GCSH took $147 million in seven weeks to reach about $290 million, according to ETF Trends. The new money is just over half the fund's assets, and the fund carried its 4.49% 30-day SEC yield as of Sept. 30.
Fidelity's FYEE ETF reports a 9.1% yield against a stated payout target of 6-8%, with beta of about 0.79 and 80-85% S&P 500 capture; a reported yield and a payout target are different measures.
Goldman's distribution rates are not in the flow data, so its payouts and GCSH's 30-day SEC yield cannot be compared on one line.
Reported by The Tape desk from ETF Daily flow tracking and ETF Trends. Published . Corrections